Canandaigua National Bank Trust Co Lowers stake in General Mills (GIS)

General Mills (GIS) : Canandaigua National Bank Trust Co reduced its stake in General Mills by 0.71% during the most recent quarter end. The investment management company now holds a total of 27,948 shares of General Mills which is valued at $1,731,379 after selling 201 shares in General Mills , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.General Mills makes up approximately 0.51% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Fruth Investment Management reduced its stake in GIS by selling 1,100 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 32,965 shares of GIS which is valued at $2,042,182. General Mills makes up approx 1.03% of Fruth Investment Management’s portfolio.Independent Portfolio Consultants boosted its stake in GIS in the latest quarter, The investment management firm added 345 additional shares and now holds a total of 825 shares of General Mills which is valued at $51,447. General Mills makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Hefty Wealth Partners reduced its stake in GIS by selling 29,560 shares or 95.25% in the most recent quarter. The Hedge Fund company now holds 1,473 shares of GIS which is valued at $91,856. General Mills makes up approx 0.07% of Hefty Wealth Partners’s portfolio.Cardinal Capital Management reduced its stake in GIS by selling 5,645 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 183,899 shares of GIS which is valued at $11,467,942. General Mills makes up approx 1.30% of Cardinal Capital Management’s portfolio.

General Mills closed down -0.49 points or -0.78% at $61.95 with 30,07,468 shares getting traded on Tuesday. Post opening the session at $62.28, the shares hit an intraday low of $61.71 and an intraday high of $62.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, General Mills reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 21, 2016. Analyst had a consensus of $0.75. The company had revenue of $3900.00 million for the quarter, compared to analysts expectations of $3915.06 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

General Mills Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail International and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals including meal kits ethnic meals pizza soup side dish mixes frozen breakfast and frozen entrees; snacks including grain fruit and savory snacks nutrition bars and frozen hot snacks; yogurt and super-premium ice cream. The Company’s other product categories include baking mixes and ingredients; refrigerated and frozen dough and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.

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